Gurugram's luxury residential market is set for a major upgrade as Elan Group announces an investment of ₹1,600 crore in an ultra-luxury housing project, reinforcing the city's growing appeal among premium homebuyers. The development marks one of the most significant investments in Gurugram's high-end residential segment in recent times and reflects strong confidence in sustained demand for upscale living in the National Capital Region.

The project, titled Elan The Statement, is being developed in Sector 49, Gurugram, on a prime land parcel spread across approximately six acres. The first phase of the development will feature around 230 ultra-luxury residences, designed to cater to affluent buyers seeking expansive homes with high levels of privacy, comfort, and exclusivity.

Elan The Statement is positioned firmly in the ultra-luxury category, offering large four-bedroom residences with sizes ranging from 4,300 to 4,500 square feet. The homes are planned with a low-density layout and private lift lobbies, ensuring a premium living experience that prioritises space and exclusivity.

The architectural concept of the project is inspired by global luxury developments, with design inputs from an internationally renowned London-based firm. A distinctive metal-and-glass façade gives the project a contemporary international look, setting it apart from conventional residential developments in the region.

In addition to spacious residences, the project will offer a wide range of lifestyle amenities tailored to high-net-worth buyers, reinforcing its positioning as a landmark luxury address in Gurugram.

Elan Group's decision to invest ₹1,600 crore in a single luxury project reflects strong confidence in Gurugram's residential market fundamentals. The city continues to attract premium homebuyers due to its proximity to Delhi, robust corporate and employment ecosystem, improving infrastructure, and strong social and lifestyle amenities.

Demand for large, well-designed luxury homes has remained resilient, driven by both end-users and long-term investors. Buyers increasingly prefer projects that offer international design standards, generous living spaces, and a high level of privacy, trends that Elan The Statement is designed to address.

The Gurugram project is part of Elan Group's broader expansion strategy in the luxury residential space. The developer has also announced plans to invest in additional ultra-luxury housing projects across key growth corridors, including the Dwarka Expressway. These investments highlight the company's long-term vision of building a strong presence in the premium and luxury segments of the National Capital Region.

With a portfolio spanning multiple residential and commercial developments, Elan Group has steadily strengthened its position as a key player in Gurugram's real estate market, focusing on differentiated, high-value projects.

Projects of this scale and positioning are expected to further elevate Gurugram's luxury housing landscape. Large-format residences with bespoke design and premium amenities cater to a niche but influential buyer segment, setting new benchmarks for future developments in the city.

As competition in the luxury segment intensifies, such projects are likely to push developers to raise standards in design, construction quality, and lifestyle offerings, benefiting end-users and strengthening Gurugram's reputation as a luxury residential destination.

Elan Group's ₹1,600 crore investment in Elan The Statement reflects both the developer's ambitious growth strategy and Gurugram's rising stature in India's luxury residential market. By combining expansive homes, global design sensibilities, and premium lifestyle amenities, the project is poised to become a defining address in the city's ultra-luxury housing segment. As demand for high-end residences continues to grow, developments like this are set to play a key role in shaping the future of luxury living in Gurugram.